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Atlanta Metro Plaza - Morrow, GA 1297 Mount Zion Rd 7,500 SF 100% Leased Retail Building Morrow, GA 30260 $1,623,614 CAD ($216.48 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Below market rental rate in one tenant space provides meaningful mark-to-market upside, with current rent at approximately $6.44/SF.
- For Eyes has operated continuously at its Morrow location since 1993, representing more than 30 years of successful retail history.
- Surrounding national retailers include Costco, The Home Depot, Target, Best Buy, Walmart, Publix, TJ Maxx, and PetSmart.
- 100% leased with 3 distinct revenue streams, optic retail (For Eyes), commercial/flex space (McK50), and billboard (Clear Channel), with a weighted.
- Located approximately 13 miles southeast of Atlanta and 13 miles south of Hartsfield–Jackson Atlanta International Airport.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 7,500 SF Atlanta Metro Plaza located at 1297 Mount Zion Rd in Morrow, GA. This investment features a below-market rental rate in one tenant space, creating significant mark-to-market upside potential. The current in-place rent is approximately $6.44/SF, substantially below comparable area asking rents of approximately $12-15/SF, offering investors a strong value-add opportunity with the potential for increased future cash flow and long-term income growth.
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,500 SF
Building Class
C
Year Built
1978
Price
$1,623,614 CAD
Price Per SF
$216.48 CAD
Cap Rate
7.75%
NOI
$125,836 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.46 AC
Zoning
GB, Morrow - Already License in place for a Smoke Shop but Other Zoning Licenses are Available. Laundromats, Retail, Services, Office Use
Parking
19 Spaces (2.53 Spaces per 1,000 SF Leased)
Frontage
69’ on Morrow Industrial Blvd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Bill Board
- Retailer
- -
- -
- -
- May 2030
- For Eyes
- Health Care and Social Assistance
- 3,775 SF
- $22.40 CAD
- Double Net
- Nov 2030
- MCK50,Llc
- Retailer
- 3,725 SF
- $9.01 CAD
- Triple Net
- Jan 2030
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Bill Board | Retailer | - | - | - | May 2030 | |
| For Eyes | Health Care and Social Assistance | 3,775 SF | $22.40 CAD | Double Net | Nov 2030 | |
| MCK50,Llc | Retailer | 3,725 SF | $9.01 CAD | Triple Net | Jan 2030 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-0112C-00A-007 | Improvements Assessment | $400,659 CAD |
| Land Assessment | $34,041 CAD | Total Assessment | $434,700 CAD |
Property Taxes
Parcel Number
12-0112C-00A-007
Land Assessment
$34,041 CAD
Improvements Assessment
$400,659 CAD
Total Assessment
$434,700 CAD
Contacts
-
Kelly Parrish -
Jacob Strahler -
Zach Friedman -
Jessica Harris -
Andrew Ackerman -
Sands Investment Group
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Atlanta Metro Plaza - Morrow, GA | 1297 Mount Zion Rd
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